All pages with keywords: climate models

Assessing pricing assumptions for weather index insurance in a changing climate

Assessing pricing assumptions for weather index insurance in a changing climate

a research article by David Stainforth 11 February, 2014

We expose the benefits and limitations of the Bayesian Network approach, weather index insurance as an adaptation measure and climate simulations as a source of quantitative predictive information. Current climate model output is shown to be of limited value and difficult to use by index insurance practitioners. The method presented, however, is shown to be an effective tool for testing pricing assumptions and could feasibly be employed in the future to incorporate multiple sources of climate data. read more »